For most citizens, buying a residential property (dwelling) is the most important transaction during their lifetime. Residential properties represent the most significant component of households’ expenses and, at the same time, their most valuable assets. The Residential Property Prices...

Residential Property Prices Indices (RPPIs) – also named House price indices (HPIs), are index numbers measuring the evolution of residential property prices over time. RPPIs are key statistics not only for citizens and households across the world, but also for economic and monetary policy...

In the first section, this paper describes the methods employed to calculate the first ever hedonic price index created in the Czech Republic using data from the country's biggest mortgage lenders. This section also presents the wider context of the creation of this index and its practical...

Houses are traded at relatively infrequent times and can hardly be standardized: two equally built and furnished houses may command widely different prices in the market on account of their different location or even orientation. Clearly, the computation of an index such as Laspeyres' cannot be...

This paper provides the first wide-scale analysis of property renovation bias in repeat-sales house price indices across a multitude of U.S. geographies. Property improvements frequently lead to positive quality drift. In local markets, omitting information on property improvements can bias...

The literature abounds with arguments regarding the relevance of reliable measurement of home prices. The correct measurement of home price growth is very important due to decisions taken by various economic agents and the impact of these decisions on the current situation in the domestic...

The major issue which we address in this paper is the one-size-fits-all nature of the typical city-level house price index. In this vein, we make two contributions. First, we develop a new algorithm to ensure feasible estimation of geographically granular repeat-sales house price indices in...